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20121222
20121222
Search Results 0 to 14 of about 15 (some duplicates have been removed)
in hawaii where the president is spending the christmas holiday. brianna, the president maybe a little too optimistic that a deal can be reached? aloha, by the way. >> he did say last night that he is a hopeless optimist that something can get done, but what we know, it's not going to be that big package, obviously of deficit reduction as well as dealing with these tax hikes that are set to kick in. that's not what's going to be happening, instead, he's pressing for something smaller just to a deal with stopping those tax hikes from kicking in for americans making $250,000 per year or less. and also trying to make sure that unemployment benefits are extended. listen to what president obama said last night and also listen to what some of the house republican resistance from speaker boehner to his sort of short-term plan here. >> in the next few days, i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction.
their profits. >>> president obama's in hawaii today where he and the first family will spend christmas. but the president says he will return to the white house after the holiday to continue working on a deal to avoid the fiscal cliff. joining me now, white house editor from politico, rachel smolkin. good to see you. >> good to see you. >> holiday red there, rachel. i will begin with you. is there any realistic timetable where a deal gets done beforian 1? look at the calendar. >> there's a realistic timetable but not an optimistic timetable. not a lot of holiday cheer going on in the nation's capital. after the stunning is heback speaker boehner suffered this week in the house where he could not get his own plan through. had to pull it and because he didn't have the votes. we saw president obama acknowledge yesterday before leaving for his vacation that the deal would -- would dramatically narrow. the parameters of a deal, scope of any possible deal, much smaller than we were looking at even a week ago. he said he would still be open to the big deal but the reality is we are running ou
family arrived in hawaii just a short time ago. the president and lawmakers are expected to return thursday after the christmas break. before leaving washington, mr. obama and house speaker john boehner both expressed hope that a deal will actually get done. >> we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle that the fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work. and more americans on -- how we get there, god only knows. >> i asked for a compromise from members of congress, i met them more than halfway on spending and met them halfway on taxes. in terms of actual dollar amounts, we're not that far apart. as of today, i am still ready and willing to get a comprehensive package done. >> but time is running out. to reach an agreement, there are now just ten days left until automatic tax hikes and spending cuts do take effect. the s&p 500 and the nasdaq finished in some negative territory for the day. investors fear the country could slide back into recess
effective leader than john boehner has. >> sure. moments ago, the president and his family left for hawaii on board air force one. what does this look like to the american people? i know the senate is gone and the house is gone. here goes the president to hawaii. i mean, where is the sense of urgency here? and i blame all lawmakers for this. >> i agree with you, ed. i mean, i think the optics of this is really disturbing. if you are sitting at home, and you're telling yourself, okay, i'm not quite sure what is going to happen with my tax rates and for next year. so how much am i going to spend now on christmas? how much am i getting back? those kinds of questions, that kind of uncertainty, what is going to happen with payroll taxes, what is going to happen with unemployment. and you see everybody kind of just leaving town, great that they're willing to come back next week, but you know what, most of us when we have work to do, we sit there and we get it done. we don't get to leave and come back when it's convenient for us. so, yeah, i think it would be much better if these guys showed a li
cuts set to go into effect january 1st. cnn's brianna keilar is live in hawaii where the president is vacationing. br breanna, is the president overly optimistic a last-minute deal can be reached? >> reporter: i don't know, miguel, if you could say overly optimistic. we heard him last night in the briefing room of the white house saying he's a hopeless optimist that something can still be done. but the fact is it's going to be something smaller. he's now pushing for tax cuts to be preserved for americans making $250,000 or less and pushing for unemployment benefits to be extended for a couple million americans. listen to some of what he said but also still some of the house republican opposition to this short-term plan he's pushing. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle-class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> the president's solution
to tell you, a few minutes ago, president obama landed in hawaii, 72 degrees there was the temperature on the ground. certainly warmer than it is in washington, certainly warmer than the political climate that president obama left behind here here in washington. it was a strip down agreement. he basically is saying we have to come up with some solution to help the majority of american taxpayers while we still avoid coming up with the majority of the details for what was supposed to help us avoid the fiscal cliff. it would ensure tax rates would not go up for 98% of americans, it would also ensure that unemployment benefits would be extended for about 2 million americans who would lose them otherwise if we went over the fiscal cliff. finally, it would work to lay the groundwork for the larger reform. so if we're looking for specific details here, not a whole lot of them. this is coming up with almost an emergency solution. we know that president obama did speak by phone with speaker john boehner yesterday, met at the white house with democrat harry reid. however, publicly what is being
is in the nation's capital this morning. so president obama's in hawaii. house speaker john boehner and other lawmakers have gone home for the holidays. what does all this mean for the chance of getting a deal done before the deadline? >> reporter: no doubt that president obama went to a warmer climate with the weather and probably a warmer climate politically. if there's any negotiating that will be done now, it will have to be done long distance for the next few days. we know that speaker boehner and president obama spoke in washington yesterday before they left. but when you hear their final words to reporters, it shows there is a continued public divide. >> the president and senate democrats have vowed to reject and veto all of our proposals while failing to offer responsible solutions of their own. but the president has -- what the president has offered so far simply won't do anything to solve our spending problem and begin to address our nation's crippling debt. >> in the next few days, i've asked leaders of congress to work toward a package that prevents a tax hike on middle-class amer
to say just before leaving for hawaii for christmas. >> i just spoke to speaker boehner, and i also met with senator reid. in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> wow. ten days. so, will the fiscal cliff solve in ten days? i know there's a deal out there some place it may not be until january, but let's ask our free market friday panel what they think. we have the columnist for the hill and former dnc communications director katie pavlitz. and mr. greenhaus is going to stay with us. all right, katie. first of all, obama basically said in ten days we can get a deal, it sounds like a small deal, 250,000 is the middle class threshold after mr. boehner's plan "b" got defeated. is such a thing possible? or will we have to wait until the new year? >> we're probably going to have to wait until the new year, unle
paid tribute today to the late senator daniel inouye of hawaii. a crowd filled the national cathedral in washington for the service honoring the japanese- american who became a war hero and served in the senate more than 50 years. president obama recalled watching inouye during the televised watergate hearings in 1973. >> to see this man, this senator, this powerful, accomplished person who was not a central cast. and the way he commanded the respect of an entire nation, i think it hinted to me what might be possible in my own life. >> sreenivasan: inouye died monday at the age of 88. a pre-christmas storm rumbled across the great lakes today, toward canada. the storm had closed roads and grounded more than 1,000 flights on thursday. but as conditions improved, chicago's o'hare international and other airports returned to normal for one of the busiest days of the year. elsewhere, parts of wisconsin, iowa, and michigan dug out from more than a foot of snow. the storm was blamed for at least nine deaths in half a dozen states. the day that some pegged as the "end of the world" came and
for the call. i am sure if the present is watching our program. guest: he is in hawaii. host: what you think about his question? guest: you are expressing the sentiment of a lot of people. i am and republican. i talked to a lot of employers in this country. they say, we are 10 or 11 days away from the start of the a. we do not know what taxes are going to look like. we do not know what the pay will tax, the dividend tax. how do you plan? this is a banana republic stuff. it is insane that we do not know what our tax system will be like in 10 days. i am as frustrated as a lot of guilt colors. host: an article with the headline, on the brain of a cliff. they lie that the government reported strong -- -- brink of a cliff. they write that the government reported strong economic numbers, providing critical support for additional spending. it gives rise to hopes that the economy is gaining enough momentum to enjoy a robust recovery in 2013. the housing market is enjoying a broad rebound and other signs are pointing up. if these signs show that the economy is moving forward and rolling, what is the
Search Results 0 to 14 of about 15 (some duplicates have been removed)